KUALA LUMPUR: The 1MDB management team did not present any due diligence report before it entered into a joint venture project with PetroSaudi International in 2009, the High Court hearing the corruption trial of Najib Razak heard today.
“During that time, we decided that we needed to execute a government-to-government deal. At that time, I believed that PSI was a trustworthy partner,” he said to questions from Najib’s lawyer Muhammad Shafee Abdullah.Minutes of the board meeting tendered in court showed former 1MDB director Azlan Mohd Zainol and former chairman Che Lodin Wok Kamaruddin had raised questions on the identity of PSI.
He said businessman Low Taek Jho had told him that the Saudi crown prince was supposed to visit Malaysia and that they wanted the prince to witness the signing.
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